90. A prospective purchaser of a residential condominium unit sends written notification to the listing broker stating her desire to cancel the contract within the allowable rescission period. The seller instructs the broker to retain the earnest money deposit as liquidated damages. The broker is legally authorized to

54. A type of real estate investment that offers diversification and liquidity and that is similar in form to a mutual fund is called

89. A contract for sale and purchase stipulates that the seller will pay for title insurance. The contract further states that the seller will choose the title insurance company. Which statement applies to this situation?

21. Which statement is FALSE regarding postdated earnest money checks?

78. Which document must a prospective buyer of an existing (resale) condominium unit receive?

74. A written contract for sale and purchase of commercial property that utilized designated sales associates failed to close. Which statement is TRUE regarding the retention of brokerage relationship disclosure documents?

64. The SE1/4 of the NW1/4 and the NE1/4 of the SW1/4 of Section 19 contains how many acres?

92. You are analyzing an investment property. You forecast the effective gross income to be $396,000. The operating expenses for this property, including a $4,400 reserve for replacements, total $176,000. What is the property’s net operating income?

51. A baptist church owns a convalescence home for its members . The church only admits members of its church to the convalescence home . Which statement is TRUE regarding this practice?

79. On an adjustable rate mortgage loan, the lender’s estimated overhead costs plus profit equals the lender’s